Engines like Expedia and Booking.com charge hotels anywhere from 15-40% of their bookings, for reference, so 3% is hardly a burden to bear.

Please bear in mind that you alone decide what type of residents you wish to accept, so elderly folks who can take care of most of their own needs are obviously less maintenance.  

Mammoth Lakes, Big Bear, Tahoe, up the Coast, Oregon, Idaho, Colorado, are experiencing a huge boon of CA big city money.  

It becomes your whole life," said Stewart Friedman, director of the Wharton Work/Life Integration Project.While women still bear the primary responsibility for childrearing, that dynamic is changing.

You can only tell location of springs because the top soil stays moist and water is visible on the surface.

I would agree with you here, and this is where the cease and desist followed by a lawsuit will bear out the real conclusion.

I say this as an encouragement to bear down in one growing market (I didn't say grown), be careful you don't show up too late. 

So, while it might affect you for your first property or two, it has no bearing as you scale up.

I hear that things are expensive in CA, and that their properties are generally nice and in demand.One risk that nobody has brought up here is that you are going to bear a tremendous amount of "interest rate risk".  

And I might have missed one other...As you can see there is no rhyme or reason to this 100 year or 500 year thing and I'm not an insurance guy so I don't know if that has any bearing on how these are named.